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Boston & New England  + Metro Boston  + Finance  | 

Berkadia Arranges $61M Refi for Chestnut Hill Realty

Berkadia closed the $60.8-million refinancing of Waterfall Hills at Canton, a garden-style multifamily property located at 55 Waterfall Dr. in Canton, MA. Managing director Robert Lipson of Berkadia New York secured the loan through Freddie Mac on behalf of the sponsor, Boston-based Chestnut Hill Realty Investments.

“Chestnut Hill Realty, Freddie Mac, and Berkadia share a 25-year partnership that ensured this closing was seamless and expertly executed,” said Peter Poras, president of Chestnut Hill. “We are excited about the opportunities that lie ahead for Waterfall Hills at Canton and our expanding presence in the Boston market.”

The property offers convenient access to Downtown Boston as well as I-95 and Gillette Stadium. Many of the units at Waterfall Hills offer renovated “open” floorplans in a suburban community suitable for families and young professionals. Community amenities at Waterfall Hills include a fitness center, pool and sundeck, tennis court and dog park.

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Berkadia's Lipson

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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